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What independence requirements are acceptable (question 10 on Form B)?

IAASA will accept the use of independence requirements in accordance with the IFAC Code of Ethics or with the Ethical Standard for Auditors (Ireland).  Where these are not used, we will consider the basis of acceptability of the requirements otherwise applied by the third-country audit entity. Acceptance of those requirements is without prejudice to any decision by the EU regarding independence requirements used by third-country auditors and audit entities.

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